Insight
Global economic outlook Q2 2025: trade tensions bite
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Wood Mackenzie has revised its global economic outlook downward due to trade tensions. Our forecast for global gross domestic product growth is 2.4% for 2025 and 2.5% for 2026. Temporary pauses on the US reciprocal tariffs and US levies on Chinese imports have averted the worst-case economic impacts, for now. Given the tariff uncertainty, this update includes two scenarios: trade truce and trade war.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Global economic outlook Q1 2026: pushed and pulled
Economic headwinds set to pull global growth lower in 2026
$1,150
Insight
Roskill Tungsten Outlook to 2030
Comprehensive global tungsten outlook to 2030; data, analysis and strategic insights to help you make informed business decisions.
$13,500
Insight
Global economic outlook Q4 2025: recent resilience masks impending slowdown
In the year ahead, we expect slower global economic growth as tariff impacts ripple through economies.
$1,150
